The Cayman Islands government has drawn up an amendment to its Proceeds of Criminal Conduct Law that removes the fiscal exemption clause that so irritated the UK’s Foreign and Commonwealth Office. However, the proposed amended legislation would still appear to offer little in the way of comfort to foreign governments seeking information about, and the seizure of, assets held by suspected tax evaders.
Cayman amendment to PCCL drops fiscal exemption clause
26 years ago
Topics
Cayman Islands Fraud Government & Politicians Money Laundering TaxKeywords
Proceeds of Criminal Conduct Law